navajo transitional energy company

The Cordero Rojo Mine - taken when Cloud Peak was still the operator
Cloud Peak Energy

The company taking over Cloud Peak Energy's three mines in Montana and Wyoming has hit a snag in securing its surety bonds that are used to guarantee reclamation. The Navajo Transitional Energy Company (NTEC) expected the Navajo Nation to back its reclamation costs through a pre-existing agreement.

Shipments from the Navajo Mine to its only customer Four Corners Power Plant
US Energy Information Administration

After more than nine months of searching for a buyer, Cloud Peak Energy has chosen its winning bidder. U.S. Bankruptcy Court for the District of Delaware Judge Kevin Gross approved the sale today with NTEC taking on all of Cloud Peak's assets including its Antelope and Cordero Rojo mines.